As many as 30 small and medium enterprises (SMEs) have lined up to raise funds via the primary markets using BSE’s SME platform, said a top BSE official here on Thursday.
“With higher growth projections, there is a lot of hope. So, more companies will come up to raise funds. There are about 30 SME IPOs in pipeline and about 20 of them would be from Gujarat alone. Gujarat Government has also announced subsidy on cost of IPO for SMEs, so that has also given a boost to the number of SMEs going for IPO,” said Ashishkumar Chauhan, MD & CEO, BSE, on the sidelines of an event in Ahmedabad.
Commenting on the listing of high-tech start-ups, Chauhan said that most of the high-tech companies are not interested in raising funds from the Indian capital market. “Once the SEBI regulations are announced, there will be a separate platform for listing of high-tech companies,” said Chauhan.
At the event, Chauhan appealed to women investors to remain cautious about investing in the share market and stay away from Ponzi operators.